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Saudi Organization for Chartered and Professional Accountants (SOCPA) · Press Release

The Authority Approves Amendments to the Parts Related to Threats Arising from Fees and Other Compensation

الهيئة تعتمد تعديلات على الأجزاء المتعلقة بالتهديدات الناشئة من الأتعاب والتعويضات الأخرى

No action neededAwareness

SOCPA, represented by its Professional Conduct and Ethics Committee, adopted amendments made by the International Ethics Standards Board to the parts of the International Code of Ethics dealing with threats arising from fees and other compensation. The amendments add requirements and application material addressing circumstances such as overdue fees and fee dependency, and focus on guiding practitioners on quality communication with those charged with governance at audit clients regarding fee-related information and its disclosure to stakeholders.

PublishedJanuary 2, 2024
Effective
GazetteNot gazetted
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